Kitchenware

FEATURED ARTICLES ABOUT KITCHENWARE - PAGE 2

Kitchenware major TTK Prestige Ltd. has unveiled a new retail marketing initiative to further sharpen its market promotion for branded kitchen appliances. It plans to set up the 'Prestige smart kitchen' concept galleries across major cities this year. These concept showrooms will present the ambience of a live kitchen with plush interiors, a news paper report said. The 'smart kitchen' shoppe will be a one-stop shop for the entire range of Prestige' kitchenware. Besides bringing all the latest products from the 'Prestige' staple to the consumers, these concept showrooms will channelise TTK's new customer care tools such as 'Prestige Privilege Club' (a loyalty programme)

Investors can continue to hold Hawkins Cookers' stock on the back of the company's strong performance in the past two quarters and a sharp decline in input prices. Beta: 0.52 Institutional Holding: 10.21% Dividend Yield: 7.05% P/E: 13.7 M-Cap : Rs 75.04 cr CMP: Rs 141.90 We had recommended Hawkins Cookers in July this year as a defensive bet with a one-year investment perspective, when it was hovering around Rs 175. At that time, the company had just proposed a dividend of 100% (or Rs 10)

NEW DELHI: Shares of TTK Prestige surged over 15% on Wednesday after CLSA recommended 'BUY' on the stock with a price target of Rs 3500. "TTK, a leader in the Indian kitchenware market, is well placed to benefit from market growth driven by rising consumer spend, evolving lifestyles/preferences and broad demographic trends," CLSA said in a report. TTK Prestige operates in the cookware and kitchen appliances market. TTK Prestige has grown revenues at a 27% CAGR over the past five years.

MUMBAI: Shares of Chennai-based kitchen appliances manufacturer TTK Prestige have fallen 15% since Friday after disappointing quarterly results and ratings downgrades by foreign and domestic brokerages. The stock, which declined 10% on Friday, following TTK reporting a 10% fall in net profit in the quarter ended September, extended its losses by 5% to Rs 3,146 apiece after foreign brokerage CLSA downgraded the company to 'Sell' from a 'Buy' rating earlier. TTK shares, which spiked 50% in the calendar year through September, traded at a valuation of 31 times FY13 estimated earnings, making it expensive compared with peers such as Bajaj Electricals (15.6x)

BANGALORE: No one likes to shop for groceries in overcrowded markets or wait endlessly for their turn at cash counters, especially after a tiring day at office. Online grocery retail is an alternative, but the delayed delivery is a put-off. Sensing an opportunity, online grocery stores such as LocalBanya.com, BigBasket.com and Jiffstore are upgrading their services to deliver within hours. "Timely and fast delivery is very important for consumers especially when it comes to food or groceries, since it's an immediate need," said Pragya Singh, associate vice-president at retail consultancy Technopak.

NEW DELHI: State-run Bharat Petroleum Corp on Wednesday said it has tied up with Hindustan Lever and three other kitchenware brands for selling grocery items to its LPG customers through its distributor network. "All HLL products besides kitchenware from Hawkins, Prestige and Nirlep can be ordered from our Bharatgas distributors in select cities at fabulous discounts," BPCL director (Marketing) S Radhakrishnan told a news conference. Sangam, a HLL subsidiary, is currently home delivering about 3000 grocery items ordered through Bharatgas distributors in parts of Mumbai and there are plans to extend the scheme to more cities.

MUMBAI: Shares of TTK Prestige moved higher after the company announced it is signing memorandum of understanding with government of Gujarat for establishing a state of art facility for manufacture of pressure cookers and kitchenware. The stock was at Rs 1535, up Rs 49.65 or 3.34 per cent on the NSE. It touched a high of Rs 1543.70 and low of Rs 1494 in trade so far.

Necessity, they say, is the mother of invention. KENT RO Systems was borne of the need to provide clean water to my kids, when both of them fell ill in 1998. I was compelled to consider installing a water purifier at my south Delhi home, but the available options left me disappointed. Being an IIT engineer from Kanpur, I decided to piggyback on the existing technology and develop it further to make a better water purifying system for my family. In pics: How Mahesh Gupta built KENT RO Systems The purifiers available in the market in those days worked on ultraviolet (UV)

For most investors, East India would probably be one of the last destinations to come to mind when scouting for companies to invest in. The eastern part of the country, roughly comprising of the states of Bihar, Jharkhand, Assam, West Bengal and Orissa, has largely been a very low contributor to national GDP. A state like West Bengal contributes just about 6% to India's GDP, while the others contribute only 2-3%. This is low in comparison to the 15% contribution from Maharashtra and 7% contribution each from Gujarat and Tamil Nadu.